News blog
Intellego Holdings
- BY: Andrew Hore |
- POSTED: 04/08/2011 |
Intellego Holdings has raised a further £300,000 at 0.2p a share.
The e-learning business raised £140,000 from a placing at 0.35p a share back in April. The latest cash will help to finance acquisitions.
In May, acquired games and learning simulation company PIXELearning. In the year to February 2011, PIXELearning generated revenues of £208,000 and lost money. Peak revenues were in 2008-09. The strategy of the company has changed from bespoke projects to off the shelf products.
The initial consideration was £160,000 in shares at 0.4p a share. Up to £940,000 more is payable in shares at 0.5p each depending on performance in the two years to February 2013.
A Company Voluntary Arrangement (CVA) for Intellego’s subsidiary Intellego Group has been completed. This should reduce annual sales by around £365,000 and group liabilities by around £645,000.
Allenby has been appointed as joint broker with Rivington Street.
At 0.23p a share, Intellego is valued at £970,000.
Download the July 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFJuly2011_22.pdf
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|